Cable One (NYSE:CABO) Issues Earnings Results

Cable One (NYSE:CABO) posted its earnings results on Thursday. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.91 by ($8.38), Zacks reports. Cable One had a net margin of 15.86% and a return on equity of 10.98%.

Cable One Price Performance

NYSE:CABO traded up $5.72 during mid-day trading on Thursday, reaching $266.81. 215,438 shares of the stock were exchanged, compared to its average volume of 124,440. The business has a fifty day moving average price of $322.08 and a 200 day moving average price of $350.59. The firm has a market capitalization of $1.50 billion, a PE ratio of 6.17 and a beta of 0.90. Cable One has a 1-year low of $257.59 and a 1-year high of $475.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $554.40.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.